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EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

EARNINGS PER SHARE

Schedule of the Company's net income and weighted average shares outstanding

(In thousands except share amounts)		For the Period February 11, 2014 through March 31, 2014
Basic Net income available for Class A common stockholders		$	12,652
Diluted Net income available for Class A common stockholders		$	23,513
Weighted average shares outstanding
Basic		48,909,692
Diluted		97,531,793

Schedule of calculation of basic and diluted net income per share amounts

(In thousands except share amounts)		For the Period February 11, 2014 through March 31, 2014
Basic Net Income Per Share of Class A Common Stock
Numerator:
Net income attributable to Class A common shareholders		$	12,652
Denominator:
Weighted average number of shares of Class A common stock outstanding		48,909,692
Basic net income per share of Class A common stock		$	0.26
Diluted Net Income Per Share of Class A Common Stock
Numerator:
Net income attributable to Class A common shareholders		$	12,652
Add (deduct) - dilutive effect of:
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income		18,568
Additional corporate tax		(7,708		)
Diluted net income attributable to Class A common shareholders		$	23,513
Denominator:
Basic weighted average number of shares of Class A common stock outstanding		48,909,692
Add - dilutive effect of:
Shares issuable relating to converted Class B common shareholders		48,537,414
Incremental shares of unvested Class A restricted stock		84,687
Diluted weighted average number of shares of Class A common stock outstanding		97,531,793
Diluted net income per share of Class A common stock		$	0.24